The Pacific Alliance is a regional integration initiative created in 2011 by Chile, Colombia, Mexico and Peru that seeks the free movement of goods, services, capital and people. The purpose of the Alliance is to promote greater competitiveness and economic growth for member countries, as well as to expand economic relations with the Asia-Pacific region. Canada has bi-lateral Free Trade Agreements (FTAs) with each Alliance country in the case of Mexico it also has a multi lateral agreement which includes the United States of America called the North America Free Trade Agreement (NAFTA).
Trading between Canada and the Pacific Alliance has been robust especially with Mexico however with Peru there has been a decline in imports from that country. The decline in Peru may be accounted for in the mineral, machinery, metals, precious stones categories along with a 50% decline in the exports of cocoa and cocoa preparations to Canada.
TFO Canada’s focus in the Alliance has been in fresh and processed foods which appears in the top five goods traded with Canada. However, the good that is top export to canada for each country is Copper and its articles (Chile), Mineral Fuels, Mineral Oils, Bituminous Substances and Mineral Waxes (Colombia), Motor Vehicles, Trailers, Bicycles, Motorcycles and Other Similar Vehicles (Mexico) and Pearls, Precious Stones or Metals, Coins and Jewellery (Peru).
In 2017 Chile and Canada modernize their bi-lateral FTA to a more progressive one highlighting gender as one of the main areas of focus.
Sectors: Information communication and technology services, music and videogames production, engineer services; aquaculture and handcrafts
For more information contact ProChile’s Office in Canada Tel.: (416) 924-0176
Mexico is positioning Mexican businesses to access Canada’s market in different sectors within the creative industries and to increase its linkages in the Canadian supply chains in the aerospace and automotive sectors.
Canada has had good trade relations with Peru. TFO Canada has been working with the country to capitalize on its FTA with Canada through numerous projects. Visit TFO Canada’s website and read any of the seven successes achieved with exporters from Peru.
The “Buy Good. Feel Good” Expo is North America’s largest show connecting you to brands that change the world. We believe that businesses are key to creating sustainable solutions to the world’s most pressing social and environmental problems. The Expo features 100+ exhibitors, working with communities in over 50 countries, bringing products that are ethically sourced and environmentally responsible. From Fair Trade clothing and up-cycled accessories, to natural and organic foods and beauty, to artisanal handmade home decor and more. Join us Friday, May 11th, 2018 (Trade Only) to source unique products, build new partnerships, and attend industry seminars! TFO Canada has partnered with the “Buy Good. Feel Good” Expo to participate in and promote the Expo.
Register as a buyer here: http://buygoodfeelgood.com/buyer-registration
TFO Canada heard your need for opportunities to source new suppliers. Occasionally our partner countries have incentives for Canadian buyers to attend trade events. Incentives such as discounted rates, covering partial or full cost of hotel accommodations, ground transportation and direct air transportation.
This month’s buyer incentive program comes from the following countries: